HB30
Log in to followAN ACT relating to public employee benefits.
Amend KRS 61.598 to exempt from the pension spiking provisions any increases in rates of pay authorized or funded by the legislative or administrative body of an employer or mandated in a collective bargaining agreement approved by the legislative body of the employer that are provided to members of the Kentucky Employees Retirement System, County Employees Retirement System, or State Police Retirement System.
Introduced: January 7, 2025
Last action: March 24, 2025
Plain-language summary
This bill changes the rules around "pension spiking" — a term for last-minute pay raises that can artificially inflate an employee's retirement benefit. It creates an exemption so that pay increases officially approved or funded by a government employer, or required by a collective bargaining agreement, will not be penalized under those anti-spiking rules for members of three Kentucky public retirement systems. This means workers who receive legitimate, government-authorized raises near retirement will not have…
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Legislative History
Primary Sponsor
Co-sponsors (6)
Roll calls
Senate: Passed 38-0 with Committee Substitute (1) and Committee Amendment (1-title)
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